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Dec 27, 2012
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to address the fiscal cliff. talks will take place behind closed doors. no public negotiations set. you have the debt and the fiscal cliff. it's not looking too good right now when it comes to the u.s. economy. >> geithner told congressional leaders that his department is using some accounting measures basically a fancy way of saying they're going to free up cash to hold off temporarily this fiscal cliff. but it's still not looking good. >> i don't know about you at home, but kicking the can down the road has been happening over and over again. somebody has to make some decisions here. >> it's like in this business, they give you a deadline and you have to hit the deadline. there's no coming in and saying take another ten minutes. it don't work that way in real life. there are americans out there saying get off your couches. get back to washington and get the deal done. >> sometimes it's not pretty when you have to rush, but get it done. >>> still on the economy now, new signs of a turn around in the real estate
to address the fiscal cliff. talks will take place behind closed doors. no public negotiations set. you have the debt and the fiscal cliff. it's not looking too good right now when it comes to the u.s. economy. >> geithner told congressional leaders that his department is using some accounting measures basically a fancy way of saying they're going to free up cash to hold off temporarily this fiscal cliff. but it's still not looking good. >> i don't know about you at home, but...
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Dec 28, 2012
12/12
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and essentially, you know, it's silly, we've been talking about this fiscal cliff, fiscal curve for years. and you know, next week is the deadline. but in reality, if they can get to no later than say january 10th or 11th, it's pretty easy to retroactively go back and say let's fix the payroll tax, let's do all these other things and not let it happen. the concern is that starting today the stock market really starts to take account of this and early into next week as the new year begins. the last few days it's been down. not a lot, but it's been down, and it's because people see washington isn't getting the job done. >> we've been getting comments on our facebook page from people who are outraged about this. does the white house, do they hear those comments, do they understand that people really look to them to lead on this issue and they feel like they're got getting that? >> they say they hear it. we picked up on some of the almost embarrassment yesterday from the lawmakers. these are senators primarily who aren't in leadership who have the liberty really to say that. but they're going
and essentially, you know, it's silly, we've been talking about this fiscal cliff, fiscal curve for years. and you know, next week is the deadline. but in reality, if they can get to no later than say january 10th or 11th, it's pretty easy to retroactively go back and say let's fix the payroll tax, let's do all these other things and not let it happen. the concern is that starting today the stock market really starts to take account of this and early into next week as the new year begins. the...
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Dec 29, 2012
12/12
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i wish we could take -- >> no, they were on the fiscal cliff. >> the fiscal cliff guys and it says -- >> no, they're the best lobbyists i've seen. it showed that the democratic party of that day were pretty were copperheads. they were playing ball with the war ending saying that they could let the south keep slavery. >> right. and you know everything didn't really change until the so-called southern strategy. i had to keep doing back flips in my mind whenever parties were mentioned. one party seemed to stand for one thing, the complete opposite of what it stands for now. >> well, the republican party picked up the dixiecrats. they played that game. here's ben affleck in 1980 by pretending to be producing a hollywood movie. >> you've got six people highing out in a town. you want to set up a movie in a week. you want to lie to hollywood, a town where everybody lies for a living, and then you're going to sneak a 007 and then you're going to walk the brady bunch out of the most watched city in the world. >> that's right. >> right. look, i've got to tell you. we did suicide missions in th
i wish we could take -- >> no, they were on the fiscal cliff. >> the fiscal cliff guys and it says -- >> no, they're the best lobbyists i've seen. it showed that the democratic party of that day were pretty were copperheads. they were playing ball with the war ending saying that they could let the south keep slavery. >> right. and you know everything didn't really change until the so-called southern strategy. i had to keep doing back flips in my mind whenever parties...
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Dec 28, 2012
12/12
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. >>> crunch time for the fiscal cliff. the key players to meet at the white house with just four days left until the deadline. >> they called him stormin norman. america remembering general norman schwarzkopf. >> and have gun, will teach. hundreds of educators get a hands-on lesson in firearms. controversial proposal. good morning. welcome to "early start." 5:00 a.m. in the east. >>> it is the last friday of 2012. i've just had that pointed out to us. one final desperate attempt to dodge the fiscal cliff, just four days left before we go over the edge triggers tax hikes, spending cuts that could send the nation back into recession. the president calling for members of the congress the back. a gang of six attending. vice president biden, harry reid, house minority leader nancy pelosi, mitch mcconnell and john boehner representing the republicans. brianna keilar is live from washington. is anybody optimistic that a deal could be done today around a table? >> i will tell you the optimism is sort of sinking. senate majority le
. >>> crunch time for the fiscal cliff. the key players to meet at the white house with just four days left until the deadline. >> they called him stormin norman. america remembering general norman schwarzkopf. >> and have gun, will teach. hundreds of educators get a hands-on lesson in firearms. controversial proposal. good morning. welcome to "early start." 5:00 a.m. in the east. >>> it is the last friday of 2012. i've just had that pointed out to us....
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Dec 31, 2012
12/12
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WBAL
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. >>> looking over the fiscal cliff. is a last-second deal even possible? >>> kim kardashian and kanye west expecting a baby. >>> new year's eve preps and the new york giants open their hearts to the families of newtown, connecticut. "early today" starts right now. >>> and a very good morning to you on this new year's eve. it's nice to see you this morning. i'm veronica de la cruz. we begin with secretary of state hillary clinton in the hospital. clinton was admitted to new york presbyterian hospital after the discovery of a blood clot stemming from the concussion she sustained earlier this month. the clot was discovered during a followup exam sunday. she's being treated with blood thinners, and doctors will monitor the medication over the next two days. the 65-year-old clinton fell and suffered a concussion when she fainted while home alone in mid-december as she recovered from a stomach virus that left her severely dehydrated. clinton had been planning to return to work this week. >>> it is crunch time on capitol hill. senate and house negotiators have ju
. >>> looking over the fiscal cliff. is a last-second deal even possible? >>> kim kardashian and kanye west expecting a baby. >>> new year's eve preps and the new york giants open their hearts to the families of newtown, connecticut. "early today" starts right now. >>> and a very good morning to you on this new year's eve. it's nice to see you this morning. i'm veronica de la cruz. we begin with secretary of state hillary clinton in the hospital....
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Dec 26, 2012
12/12
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FOXNEWSW
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for a body in motion. >> forget the fiscal cliff. how about a container cliff and what it may do to the economy. time's running short and a standoff between long shoreman union workers and companies could cripple the nation. unless they reach a deal they plan to strike this weekend. we reached out but haven't heard back yet. steve moore is here with us. if the strike happens, some estimates say $1 billion per day hit to the economy. >> yeah, there's no question. if you -- you used the right word, cripple the economy. the ports in this country are the backbone of our trade, both export and imports and i've read estimates of $100 billion or more comes in and out. so it cook devastating, and reverberate throughout the economy. retailers, wholesalers. food distributors, everybody would be affected by the strike if it goes forward. >> exactly what do the unions want and what is management willing to do? how far apart are the two groups? >> it's interesting. they're not really -- normally in a wage dispute with the union,ettes it's about w
for a body in motion. >> forget the fiscal cliff. how about a container cliff and what it may do to the economy. time's running short and a standoff between long shoreman union workers and companies could cripple the nation. unless they reach a deal they plan to strike this weekend. we reached out but haven't heard back yet. steve moore is here with us. if the strike happens, some estimates say $1 billion per day hit to the economy. >> yeah, there's no question. if you -- you used...
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Dec 27, 2012
12/12
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FBC
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if we do go over the fiscal cliff, yes, taxes will go up. molly outlined how much for every income levelcross the board. >> very hard. >> down the road, isn't it the only way we get our fiscal house back in order? >> that's what i'm hearing and i believe myself is that if -- you know, we're right back down to the law. all plunder and none plder but to insisthat only a few should pay is unfair. there's no guarantee wealthy people will keep money in this country. if we have a bloated government, everyone should feel the pitch. half of the country reelected barack obama and that's the half that will find out how much government costs. >> it seems that's where we're headed. can president obama come pack -- back and fix this fiscal cliff? >> no,e's decided he's not going to cut anything, anywhere. it's not a discussion. john boehner put the ball back in his court saying i'll ease up on taxes and he's not willing to cut significant spending. >> thank you very much. >>> fair and balanced. democratic congressman gregory meeks joins me live in the st
if we do go over the fiscal cliff, yes, taxes will go up. molly outlined how much for every income levelcross the board. >> very hard. >> down the road, isn't it the only way we get our fiscal house back in order? >> that's what i'm hearing and i believe myself is that if -- you know, we're right back down to the law. all plunder and none plder but to insisthat only a few should pay is unfair. there's no guarantee wealthy people will keep money in this country. if we have a...
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Dec 28, 2012
12/12
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host: what led to the fiscal cliff? guest: the fiscal cliff is the combination of a bunch of different tax and spending decisions made by washington, dating back over the past 12 years. we had the bush tax cuts that began in 2001 and 2003. we extended them under president obama. those are set to end on monday. $110 billion in annual spending cuts were agreed to under president obama as part of the debt ceiling negotiation. those begin on tuesday. we have the payroll tax cut in place for two years, takes about two percentage points off people's taxes, bill will end on monday. business tax breaks, bill will end on monday. the alternative minimum tax, which is confusing, but it would be a disaster if that was not taken care of, because it would raise the taxes of about 30 million americans for their 2012 income and 2013. and all the confusion could screw up the whole tax filing season. who knows when you will be filing your taxes, because the irs does not know which tax rates will be applied and who will be responsible for
host: what led to the fiscal cliff? guest: the fiscal cliff is the combination of a bunch of different tax and spending decisions made by washington, dating back over the past 12 years. we had the bush tax cuts that began in 2001 and 2003. we extended them under president obama. those are set to end on monday. $110 billion in annual spending cuts were agreed to under president obama as part of the debt ceiling negotiation. those begin on tuesday. we have the payroll tax cut in place for two...
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Dec 24, 2012
12/12
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fiscal cliff. two republican senators on the sunday talk shows yesterday say they agree with the president's position that both sides should avoid tax hikes on middle-class americans. also, nra executive said the group would not support any new gun laws in this country. good morning this monday, december 24, 2012. we will begin this morning with your thoughts on religion and politics. as a religion influence your political decisions? also send us your tweet if you go to twitter.com -- we will begin with the sunday review section of the "the new york times" yesterday. we want to get your take on this. it does religion influence your politics? with more people saying they are unaffiliated. we want to get your take. here are some comments from facebook this morning. what are your thoughts on this december 24, 2012. it does religion influence your politics? let me show you this from "the new york times" this morning. a new poll out worldwide religion shows up that one out of six follows no religion. th
fiscal cliff. two republican senators on the sunday talk shows yesterday say they agree with the president's position that both sides should avoid tax hikes on middle-class americans. also, nra executive said the group would not support any new gun laws in this country. good morning this monday, december 24, 2012. we will begin this morning with your thoughts on religion and politics. as a religion influence your political decisions? also send us your tweet if you go to twitter.com -- we will...
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Dec 28, 2012
12/12
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goes over the fiscal cliff. speaker john boehner has called the house back into session sunday evening. house majority leader eric cantor is telling his members to be prepared to work through january 2nd. both sides are still far apart on taxes and spending cuts. harry reid says prospect deals by monday are unlikely. minority leader mitch mcconnell says there's still time for an agreement. >> republicans aren't likely to sign a blank check just because we find ourselves at the edge of the cliff. that wouldn't be fair to the american people. >> now, a new reuters poll shows americans blame republicans more than democrats or president obama for the fiscal crisis. and when asked who they held more response, 27% said the gop, 6% pointed to the dems and 30% said all of the above. for more on this, we're joined by christian schultz from barronberg bank. welcome. so we're going over the fiscal cliff. >> well, the consumer confidenc already be over the cliff in terms of confidence already. that might already be the firs
goes over the fiscal cliff. speaker john boehner has called the house back into session sunday evening. house majority leader eric cantor is telling his members to be prepared to work through january 2nd. both sides are still far apart on taxes and spending cuts. harry reid says prospect deals by monday are unlikely. minority leader mitch mcconnell says there's still time for an agreement. >> republicans aren't likely to sign a blank check just because we find ourselves at the edge of the...
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Dec 24, 2012
12/12
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our expert on all matters relating to the fiscal cliff is dana bash. she joins me now from washington. dana, great to see you again. tell me does even a band-aid approach work? >> it's going to be tough. this is all math. but it really has to do with the math with regard to votes. and democrats especially who i'm talking to in the senate which is probably where this will originate, the reality is that democrats don't hold a very big majority. her going to need to have a handful of republicans to cross party lines and vote with them on the whole concept of raising any taxes. especially what the president wants which is something that is raising taxes on all americans making more than $250,000. that's the senate. never mind the house, which of course, made clear to the house speaker that they won't even go for something that's a million dollars or more when it comes to tax increases. that was last week. >> dana, you were saying that when you were reporting on it when it was breaking that evening, you called that devastating for john boehner. now that hou
our expert on all matters relating to the fiscal cliff is dana bash. she joins me now from washington. dana, great to see you again. tell me does even a band-aid approach work? >> it's going to be tough. this is all math. but it really has to do with the math with regard to votes. and democrats especially who i'm talking to in the senate which is probably where this will originate, the reality is that democrats don't hold a very big majority. her going to need to have a handful of...
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Dec 28, 2012
12/12
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economy will go off the fiscal cliff. s when automatic spending increases and spending cuts would take effect. -- a deal will not be easy, because both sides if are involved in a high-stakes political blame game. >> we are here in washington working. the members of the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. >> i told the president will be happy to look at whatever he proposes but the truth is we are coming up against a hard deadline. as i said, this is a conversation we should have had months ago. >> democrats want to extend bush-era tax cuts to everyone except those americans making $250,00 or more per year. many republicans are against any tax increases. most americans just want something to be done. >> people are tired of partisanship and they want everyone to come together. >> if lawmakers don't reach a deal by january 1, many economists are concerned it could eventually lead to another recession. >> misinfor
economy will go off the fiscal cliff. s when automatic spending increases and spending cuts would take effect. -- a deal will not be easy, because both sides if are involved in a high-stakes political blame game. >> we are here in washington working. the members of the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. >> i told the president will be happy to look at whatever he...
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Dec 29, 2012
12/12
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WJLA
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cliff to deal with this fiscal cliff. how irresponsible is that? >> reporter: and does washington still, the stock market burns. dropping for a sixth-straight day under this uncertainty. americans are burning up, too. >> this is america. they should be working for the american people. >> can't believe we got this close. >> get in a room and don't come out of the room until you've got this thing taken care of. >> reporter: what the senate leaders hope to do is put together this deal, bring it to the senate tomorrow. then, the house comes back in session tomorrow night. they can vote on any deal passed by the senate. but bianna, no one is holding their breath here in washington. >> no one is, indeed. >>> for more on the big white house meeting, we want to bring in john avlon, political columnist at "the daily beast." a busy man covering all of this. how do you see this playing out? >> we're three days out. nothing focuses than the prospect of being hanged. today, bianna, is the key day. saturday, today, the senators are mee
cliff to deal with this fiscal cliff. how irresponsible is that? >> reporter: and does washington still, the stock market burns. dropping for a sixth-straight day under this uncertainty. americans are burning up, too. >> this is america. they should be working for the american people. >> can't believe we got this close. >> get in a room and don't come out of the room until you've got this thing taken care of. >> reporter: what the senate leaders hope to do is put...
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Dec 27, 2012
12/12
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. >>> at 5:30, we are inching closer to the so-called fiscal cliff. we spoke to congressional staffers today, why they believe politicians will allow the country to go over the cliff before making a deal. >>> officials in newtown, connecticut, plan to use the flowers, letters and other mementos sent by the public as part of the memorial. they will stay up until after new year's as residents and visitors pay their respects to the shooting victims at sandy hook elementary school. residents yesterday took turns monitoring candles that had been lit on christmas eve, one candle for each of the vils. >>> this los angeles today, gun owners could swap weapons for groceries. gun owners were asked to come with unloaded weapons in the trunks of their vehicles in exchange for a $100 gift certificate for groceries. they got a $200 gift certificate if they turned in a so-called assault weapon of the buy-back program happens in the spring but was moved up this year because of the school shooting in connecticut. >> a newspaper that covers two counties north of new yo
. >>> at 5:30, we are inching closer to the so-called fiscal cliff. we spoke to congressional staffers today, why they believe politicians will allow the country to go over the cliff before making a deal. >>> officials in newtown, connecticut, plan to use the flowers, letters and other mementos sent by the public as part of the memorial. they will stay up until after new year's as residents and visitors pay their respects to the shooting victims at sandy hook elementary...
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Dec 31, 2012
12/12
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CSPAN
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this would clear the way for a vote on a possible fiscal cliff bill. no time has been set for house votes. live coverage on c-span. according to senate majority leader reid on sunday, there are still "significant distance between the two sides on the fiscal cliff." they're back on monday at 11:00 a.m. eastern with roll call votes possible. live coverage on c-span 2. >> you think of washington in 1835, 25 years before the civil war, you know what would you think? you would think, wow, slavery was well entrenched. the black people were miserable. the whites were kind of cruel and indifferent. that's actually not true at all. in washington, in washington, they had about 30,000 people then as a city, 12,000 of them were black. the majority of the black people in washington actually in 1830 were free, were not slaves out of the 12,000 black people, slightly more than half were free. >> what led to washington, d.c.'s first race riots in 1835 and what part did francis scott key play. jefferson morley recounts the almost forgotten chapter in american history i
this would clear the way for a vote on a possible fiscal cliff bill. no time has been set for house votes. live coverage on c-span. according to senate majority leader reid on sunday, there are still "significant distance between the two sides on the fiscal cliff." they're back on monday at 11:00 a.m. eastern with roll call votes possible. live coverage on c-span 2. >> you think of washington in 1835, 25 years before the civil war, you know what would you think? you would think,...
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Dec 31, 2012
12/12
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this would clear the way for a vote on a possible fiscal cliff bill. according to the senate majority leader reid, there is still significant distance between the two sides on the fiscal cliff. they are back on monday with roll call votes. live senate coverage on c-span 2. tomorrow on "washington journal," we are joined by the president of the committee for responsible federal budget. followed by the future of operations. washington journal is live at 7:00 a.m. eastern on c-span. more than 300 members of the u.k. youth parliament ages 11 to 18 gathered in the british house of commons for their annual debate. their students discussed five topics considered for the national campaign. these included public transportation costs, marriage equality, and others. the speaker of the house presided over the morning and afternoon sessions. such a calm and orderly chamber. [laughter] [inaudible] not together accustomed. it's the the forted meeting the u.k. youth parliament in the house of commons, and i want to underline just how hugely welcome you are by parliame
this would clear the way for a vote on a possible fiscal cliff bill. according to the senate majority leader reid, there is still significant distance between the two sides on the fiscal cliff. they are back on monday with roll call votes. live senate coverage on c-span 2. tomorrow on "washington journal," we are joined by the president of the committee for responsible federal budget. followed by the future of operations. washington journal is live at 7:00 a.m. eastern on c-span. more...
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Dec 31, 2012
12/12
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WJLA
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if congress and the president are going try to stop the nation from going over the fiscal cliff. tax hikes and spending cuts are just hours away. >>> despite the looming cliff, party preparations are under way on this new year's eve, as we welcome 2013. >>> and moengs nal and triumphant return to the sidelines. for indianapolis colts coach chuck pagano. seems his inspired season is not over yet. >>> good morning, i'm john muller sitting in for rob nelson. >> and i'm paula faris. >>> it looks like secretary of state hillary clinton will be celebrating the new year from a hospital bed. >> during a routine checkup for an earlier concussion, doctors discovered she had a blood clot. he's abc's dierdre bryant. >> reporter: secretary of state hillary clinton was admitted to the hospital on sunday with a blood clot. her doctors discovered it in a followup exam for a concussion sufferered earlier in the month. >> with time and with medication, the clot will dissolve. it won't propagate further. won't cause a clot to the lung. it will recover -- someone that has this will recover fully. >>
if congress and the president are going try to stop the nation from going over the fiscal cliff. tax hikes and spending cuts are just hours away. >>> despite the looming cliff, party preparations are under way on this new year's eve, as we welcome 2013. >>> and moengs nal and triumphant return to the sidelines. for indianapolis colts coach chuck pagano. seems his inspired season is not over yet. >>> good morning, i'm john muller sitting in for rob nelson. >> and...
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Dec 27, 2012
12/12
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CSPAN
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working hard on the fiscal cliff. i must tell them we're not working. we're not here. we're not addressing the challenges that i have just mentioned. mr. speaker, i would hope that the speaker of the house will call us back immediately to address these challenges. we have four days left to go. before the end of this year, before all of those items that i spoke about expire. the sequester happens the second day of january. we ought to be here working, mr. speaker. we're not. this is a pro forma session. as i said in the beginning, a pro forma session is a session that is without substance and without solutions. i would urge the speaker of this house to call us back in session to do what america expects us to do, address the challenges, find solutions, come to agreement, make compromises. make democracy and america work and give confidence to our people and to our economy. i hope, mr. speaker, that the speaker will do that and will do it today. and i yield back the balance of my time. the speaker pro tempore: the gentle
working hard on the fiscal cliff. i must tell them we're not working. we're not here. we're not addressing the challenges that i have just mentioned. mr. speaker, i would hope that the speaker of the house will call us back immediately to address these challenges. we have four days left to go. before the end of this year, before all of those items that i spoke about expire. the sequester happens the second day of january. we ought to be here working, mr. speaker. we're not. this is a pro forma...
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Dec 30, 2012
12/12
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what do you want to tell congress about the fiscal cliff? we'll have your video messages. >>> the woman accused of pushing a man in front of a subway is now being charged with a hate crime. now she's saying why she did it. >>> wow, a plane crash caught on tape, the story. hind this dash cam video of an exact moment a jet slammed into an overpass. >>> it's sunday, december 30th, good morning, i'm allisison kos. randi kaye is off today. we're going to start this morning in washington where all eyes on capitol hill as lawmakers try to work out on a deal to avoid the fiscal cliff. the deadline is less than 48 hours away and as to whether they can get it done, the president says he's hopeful. >> i'm modestly ll lly optimis an agreement can be achieved. let's make sure that middle class families and the world economy aren't adversely impacted because people can't do their jobs. >> both houses of congress are meeting in a rare sunday session. the house an hour later at 2:00. our chief white house correspondent jessica yellin now with the look at a
what do you want to tell congress about the fiscal cliff? we'll have your video messages. >>> the woman accused of pushing a man in front of a subway is now being charged with a hate crime. now she's saying why she did it. >>> wow, a plane crash caught on tape, the story. hind this dash cam video of an exact moment a jet slammed into an overpass. >>> it's sunday, december 30th, good morning, i'm allisison kos. randi kaye is off today. we're going to start this morning...
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Dec 28, 2012
12/12
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cliff that deals with this fiscal cliff. how irresponsible is that? what that means to americans and people all across the country is that instead of starting this year by people showing the courage to solve this problem, we will move this into next year, and what that means is the first quarter, the first six months of this next year, will be met with hand-to- hand combat as we deal with issues everyone knows has to be dealt with. what that really means to our citizens and citizens around the world is our economy is not going to be what it could have been. the quality of life for americans is not on to be what it should have been because we have not acted in a way that is proper, we are not carrying out the duties that we were hired to carry out. >> i am not even sure there is a question, but your proposal is over a 10-year period. yet a trillion-dollar increase in the debt ceiling will not even last a year. at best. >> right. >> do you know whatever you propose cuts to medicare that everybody gets out of this -- [indiscern
cliff that deals with this fiscal cliff. how irresponsible is that? what that means to americans and people all across the country is that instead of starting this year by people showing the courage to solve this problem, we will move this into next year, and what that means is the first quarter, the first six months of this next year, will be met with hand-to- hand combat as we deal with issues everyone knows has to be dealt with. what that really means to our citizens and citizens around the...
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Dec 27, 2012
12/12
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WBAL
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that is the last day of fiscal cliff talks. the president departed hawaii to return to washington, where it is not just the temperature that is chillier. talks cooled over the holidays over how to avoid the massive tax hikes. they are set to begin in just a few days. >> taxes are going to go up no matter what. they could go up a lot more, and that is where the political hit comes. >> house republicans point the finger at the other chamber, saying the senate must act on a bill to avoid the fiscal cliff. a spokesman for harry reid some are blaming the gop for the holdup. no further legislation can move unless republicans drop their knee-jerk obstructionism. if the country falls off the fiscal cliff, it may feel gradual at first, except on wall street. >> the reaction from the financial markets and the stock markets -- you could see something quick. >> a top ceo is hoping to jolt them into action. he wants employees to write " come together" on the coffee cups. >> i am maintaining my optimism that we will see the republicans and a
that is the last day of fiscal cliff talks. the president departed hawaii to return to washington, where it is not just the temperature that is chillier. talks cooled over the holidays over how to avoid the massive tax hikes. they are set to begin in just a few days. >> taxes are going to go up no matter what. they could go up a lot more, and that is where the political hit comes. >> house republicans point the finger at the other chamber, saying the senate must act on a bill to...
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Dec 26, 2012
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cliff negotiations are dominating his time. >> the fiscal cliff and diamond head in the background and waikiki beach. ed, safe trip home. >>> joining us, from u.s. news and world report, ken walsh. who is going to come to the rescue, anybody? >> looks like there's a road block at every critical juncture point here. it looks like now the ball's in the senate's court, to mix met force. the house failed to get to a vote with speaker boehner's plan. it looks like the best they can do, really, is some kind of a partial agreement that -- with some of the fiscal cliff provisions are going to take effect on january 1st. this is what everybody was hoping would not happen but it looks imminent. >> let's just say your scenario's right and the temporary fix comes from the senate and harry reid but it has to go back to the house. then what? >> the other part is the senate. the 60 vote rule of the filibuster. they have to clear that 60-vote point if somebody blocks this in the senate. then it goes back to the house. there's a lot of questions about whether spiker boehner can control his republican c
cliff negotiations are dominating his time. >> the fiscal cliff and diamond head in the background and waikiki beach. ed, safe trip home. >>> joining us, from u.s. news and world report, ken walsh. who is going to come to the rescue, anybody? >> looks like there's a road block at every critical juncture point here. it looks like now the ball's in the senate's court, to mix met force. the house failed to get to a vote with speaker boehner's plan. it looks like the best they...
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Dec 26, 2012
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every day we're taking a look at how the fiscal cliff if we go off the fiscal cliff how that will affect you from the increase in your tax bill to planning for your retirement. today we'll focus on your portfolio. ryan mack joins me via skype from detroit. >> good morning to you, how are you doing today? >> i'm good. you've got some advice for people to manage their portfolios, let's start with the first step you need to review your asset classes. >> there's a study in the '80s simply says over 95% of your portfolio return will determine exactly how you choose the mixture of stocks and other investments you have in your portfolio. with the assistance of a qualified adviser making sure you have the right mixture of stocks can be ever so crucial especially during the volatile time we see in the markets today. >> if you make any changes i guess you have to take into account what your tolerance is for risk. >> yes. i mean look, we've seen the markets going crazy right now, a lot of individuals are looking up and downs and a lot of things we're telling the folks we work with, let's look at it
every day we're taking a look at how the fiscal cliff if we go off the fiscal cliff how that will affect you from the increase in your tax bill to planning for your retirement. today we'll focus on your portfolio. ryan mack joins me via skype from detroit. >> good morning to you, how are you doing today? >> i'm good. you've got some advice for people to manage their portfolios, let's start with the first step you need to review your asset classes. >> there's a study in the...
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Dec 24, 2012
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still no deal to avert the fiscal cliff.
still no deal to avert the fiscal cliff.
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will a last-minute fiscal cliff deal get done? and if it does what will it look like. >>> we have a deal. we may still get hit with an automatic tax hike. how much will that cost you? in time for the new year, a new snowstorm headed to the northeast. we'll let you know how bad this will get. and the yore in review, up with of the most unique and appalling takes on the year in review. good morning to you all. welcome to weekends with alex witt. no alex today. taking a much deserved weekend off. i'm t.j. holmes, good to be with you. new this morning, president obama outlining his course of action if we all go off the cliff. >> if an agreement isn't reached on time, then i'll urge the senate to hold an up-or-down vote on a basic package that protects the middle class from an income tax hike, extends vital unemployment insurance for americans looking for a job and lays the ground work for more economic growth and deficit reduction. >> the president is optimistic that a deal can be reached midnight on new year's eve. listen to senate m
will a last-minute fiscal cliff deal get done? and if it does what will it look like. >>> we have a deal. we may still get hit with an automatic tax hike. how much will that cost you? in time for the new year, a new snowstorm headed to the northeast. we'll let you know how bad this will get. and the yore in review, up with of the most unique and appalling takes on the year in review. good morning to you all. welcome to weekends with alex witt. no alex today. taking a much deserved...
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Dec 28, 2012
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households if we go over the fiscal cliff. >> 5:23. maryland has a state bird and the state fish. >> what about a state sen w >> the star of bethlehem has been shining bright. the new owners have put the property up for sale. this will be the last year the ght the baltimoree baltimor sky. >> some lawmakers want the soft selhell crab to be the maryland state sandwich. lawmakers passed such legislation making it the official state dinner. >> are you a fan? >> i am not. >> a lot of people love it. 5:26. >> will it be progress or paralysis? all the details are just ahead. >> baltimore port workers could soon be going on strike. >> we are watching the next storm system that could bring more snow to maryland. >> this is 895 at the harbor tunnel. it is looking good at the moment >> you're watching wbal-tv 11. live, local, late-breaking. this is 11 news today at 5:00 a.m. >> good morning. welcome back to 11 news today. i am jennifer franciotti. >> i am sarah caldwell. thanks for joining us for 11 news today. happy purple friday. >> ravens play
households if we go over the fiscal cliff. >> 5:23. maryland has a state bird and the state fish. >> what about a state sen w >> the star of bethlehem has been shining bright. the new owners have put the property up for sale. this will be the last year the ght the baltimoree baltimor sky. >> some lawmakers want the soft selhell crab to be the maryland state sandwich. lawmakers passed such legislation making it the official state dinner. >> are you a fan? >> i...
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Dec 30, 2012
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we want to see a fiscal cliff deal. if it cuts the heck out of all kind of programs, then you can have a deal that is actually a real drag on the recovery as well. maybe not a recession, but a slower year than we otherwise would and slow growth. again, there's two percentage points in the payroll tax scheduled to increase on january 1. if you look at how negotiations are going, it looks like it's going to happen. the typical family's taxes by $1,000 over the course of a year. >> the final one, we are talking debt ceiling. you think the fiscal cliff thing is bad for the economy. you wait and see if they can't get the debt ceiling worked out. >> right. it's one thing to go over the fiscal cliff. that would be bad. we don't want to it happen. a recession may happen. it would be unfortunate. it's different than the u.s. defaulting on the debt. you know, we saw that back in august, 2011, we saw the downgrade of the credit rating. just by having the threat of not approving the debt ceiling increase and the possibility of defa
we want to see a fiscal cliff deal. if it cuts the heck out of all kind of programs, then you can have a deal that is actually a real drag on the recovery as well. maybe not a recession, but a slower year than we otherwise would and slow growth. again, there's two percentage points in the payroll tax scheduled to increase on january 1. if you look at how negotiations are going, it looks like it's going to happen. the typical family's taxes by $1,000 over the course of a year. >> the final...
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Dec 27, 2012
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the edge of the so-called fiscal cliff is really in view now. the home county of house speaker john boehner butler county, ohio, currently under a blizzard warning. house republican leaders holding a conference call earlier today on the fiscal cliff, but so far they have not yet called on lawmakers to return to capitol hill. but they have said they will give a 48 hour warning if they plan to do that the white house saying the president is cutting his holiday vacation in hawaii short to return to d.c. to work on a deal to try to stop those automatic tax hikes and deep spending cuts from kicking in on january 1st. and if they don't reach a deal before then, many economists say we will dip back into a recession. i had henly house republican leaders didn't have a lot of new information for their lawmakers. they would have 48 hour notice if they are needed to pray back to washington from various districts around the country. that tells us they are being noncommittal at this point because they frankly do not know whether or not there will be a deal to
the edge of the so-called fiscal cliff is really in view now. the home county of house speaker john boehner butler county, ohio, currently under a blizzard warning. house republican leaders holding a conference call earlier today on the fiscal cliff, but so far they have not yet called on lawmakers to return to capitol hill. but they have said they will give a 48 hour warning if they plan to do that the white house saying the president is cutting his holiday vacation in hawaii short to return...
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Dec 29, 2012
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she sent a text, she says, fiscal cliff issues drive me crazy! they should not get paid until it's resolved and we have a meaningful budget. none of us could run our household the way washington runs things. what do you say to that? >> you know, that's the real story here. people are looking at these kids in washington who are just messing up and can't do the basics. they're disgusted with both political parties and i think all of our political leaders are going to have a hard time regaining any legitimacy or credibility after this is done one way or the other. it is true congressional republicans are faring a little worse than the president. but people are pretty fed up with the entire process. >> gregg: the president keeps saying he wants to raise taxes on the rich. but how do folks in the middle class feel about whether their taxes are going to go up? are they pessimistic? >> 49% of all voters he expect middle class taxes will go up as part of any deal to avert the fiscal cliff. there is a general expectation that over the next couple of years
she sent a text, she says, fiscal cliff issues drive me crazy! they should not get paid until it's resolved and we have a meaningful budget. none of us could run our household the way washington runs things. what do you say to that? >> you know, that's the real story here. people are looking at these kids in washington who are just messing up and can't do the basics. they're disgusted with both political parties and i think all of our political leaders are going to have a hard time...
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Dec 29, 2012
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three days to go and no noon avert the fiscal cliff. what will lawmaker do to save you from more taxes and fewer benefits? >>> the littlest pawns in a political fight. we'll talk to one woman whose hopes for adopting a russian son may have just been shattered. >>> and they're back. kathy griffin and anderson cooper ringing in new year's eve. but why was kathy's make itted on "a.c.'s" -- naked on "a.c.'s" couch? we'll explain. >>> good morning, it's 10:00 on the east coast, 7:00 on the west coast. i'm alison kosik. randi kaye is off today. we're just three days away from possibly crossing over the fiscal cliff. for the first time in weeks, there's some hope coming from washington. senate leaders are negotiating a deal they hope can go to a vote, go to a vote soon. cnn radio capitol hill correspondent lisa desjardins is in washington. you were on thrill yesterday for the political action between president obama, between congressional leaders. they sound more optimistic, at least president obama does. do you think we're any closer to a dea
three days to go and no noon avert the fiscal cliff. what will lawmaker do to save you from more taxes and fewer benefits? >>> the littlest pawns in a political fight. we'll talk to one woman whose hopes for adopting a russian son may have just been shattered. >>> and they're back. kathy griffin and anderson cooper ringing in new year's eve. but why was kathy's make itted on "a.c.'s" -- naked on "a.c.'s" couch? we'll explain. >>> good morning, it's...
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Dec 24, 2012
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we know the stocks are down, fiscal cliff. talk about what we think that means for us if we end up going over the fiscal cliff and you're looking at a lot of tax hikes as well as spending cuts. >> yeah. you have to believe if we go over the cliff that some sort of deal will happen up. if not within the first couple days of year, maybe the first couple weeks. what may happen is an impact right away to your paychecks in the early weeks of the new year. here is an idea of what we're in for anyway. we're going to see a lot of tax changes. payroll tax holiday. that would expire, and that means that the amount taken out of your paycheck would go from 4.2% to 6.2%, so that means if you're making $50,000 a year, it means $83 a month comes out of your paycheck. over the cliff it means you have a delay in tax refunds for the 2012 returns and that's because there's yet to be a decision made. also at stake, spending cuts. that can impact jobs. there will be big cuts to defense. that could put about 300,000 jobs at risk. unemployment benef
we know the stocks are down, fiscal cliff. talk about what we think that means for us if we end up going over the fiscal cliff and you're looking at a lot of tax hikes as well as spending cuts. >> yeah. you have to believe if we go over the cliff that some sort of deal will happen up. if not within the first couple days of year, maybe the first couple weeks. what may happen is an impact right away to your paychecks in the early weeks of the new year. here is an idea of what we're in for...
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Dec 28, 2012
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that is does 30 as we get mighty close to the fiscal cliff. harris? >> harris: mike emanuel thank you very much. more coming up on the get-together tomorrow at the white house whether it will be or not to try to work out a solution. that is coming up at the bottom of the hour. >>> the stubborn winter storm sticking around across much of the nation's eastern half. the same weather system that slammed the south and dumped know snow on the midwest bringing misery to the northeast and new england. causing new trouble for post holiday travelers. an american airlines plane ended up stranded on a snow. >> tarmac in pittsburgh. just outside new york city a southwest jet got stuck in the mud after skidding off the runway. in some of the hardest hit area the roads are even worse. >> i lost count of number of cars in the ditch. a jackknifed tractor trailer and a horse trailer turned over. >> i have seen ten cars in an accident. i saw a lexus fly into the ditch. >> i wish people would slow down a little bit, you know. it is pretty slick. >> harris: the storm will
that is does 30 as we get mighty close to the fiscal cliff. harris? >> harris: mike emanuel thank you very much. more coming up on the get-together tomorrow at the white house whether it will be or not to try to work out a solution. that is coming up at the bottom of the hour. >>> the stubborn winter storm sticking around across much of the nation's eastern half. the same weather system that slammed the south and dumped know snow on the midwest bringing misery to the northeast...
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Dec 27, 2012
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senate passes a bill to avert the fiscal cliff. as the president wrapped up his vacation, federal workers trickled back into the nation's capital. but the only people who can avert the fiscal cliff, members of the house and senate, have not returned, and, in just six days, a 2% payroll tax is set to expire, along with the bush era tax cuts, shrinking the average workers' paycheck in 2013 by about $1,500. long-term unemployment benefits for about two million jobless americans are also set to expire, and $110 billion worth of spending cuts to both domestic and defense programs will start to kick in, forcing layoffs in the public sector and for some private sector government contractors. economists predict that if congress doesn't act, all those cuts and new taxes will push the economy back into a mild recession by mid-2013. the impact of some of these cuts and taxes would not be felt immediately on january 1. that's because the i.r.s. and other agencies didn't expect it to come to this, and so it will take a few weeks for workers to
senate passes a bill to avert the fiscal cliff. as the president wrapped up his vacation, federal workers trickled back into the nation's capital. but the only people who can avert the fiscal cliff, members of the house and senate, have not returned, and, in just six days, a 2% payroll tax is set to expire, along with the bush era tax cuts, shrinking the average workers' paycheck in 2013 by about $1,500. long-term unemployment benefits for about two million jobless americans are also set to...
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to avoid the looming fiscal cliff. with five days until major spending cuts kick in and taxes go up on everybody, the white house says president obama made separate phone calls to the senate leaders, harry reid, and john boehner. that was last night before the president took air force one from hawaii to washington. molly is live for us at the white house. update us on the next move from the obama administration. >> despite the phone calls that the president made before he left hawaii, he spoke to top democrats and republicans and no negotiation meetings have been set. at least not formally or public limit there's nothing set yet between all the sides to discuss this. the president's back in washington after he cut short vacation to get back to the white house for possible last minute fiscal cliff talks leaving his wife and daughters in hawaii. the vice president is scheduled to be here today for meetings. don't forget the obama administration and congress have the debt ceiling hanging over them. the u.s. set to hit the
to avoid the looming fiscal cliff. with five days until major spending cuts kick in and taxes go up on everybody, the white house says president obama made separate phone calls to the senate leaders, harry reid, and john boehner. that was last night before the president took air force one from hawaii to washington. molly is live for us at the white house. update us on the next move from the obama administration. >> despite the phone calls that the president made before he left hawaii, he...
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senators are set to work today on a plan to avoid the so- called "fiscal cliff." but house gop leaders say they will not return to washington unless the senate passes a bill. with no deal on the horizon, a new poll finds the gop gets the biggest share of the blame for the stalemate. >> both sides here have a problem with the american people and it's why congress has 11% job approval rating. >> even starbucks is gettingismy for an agreement. its employees are writing "col together" on coffee cups in d.c. to try to encourage compromise. >>> hawaii's lieutenant governor brian shots will replace the late democratic senator daniel inouye who died of respiratory complications last week. on the day he died he wrote to the governor asking for a female representative to replace him. she made it to the final round of consideration but did not win the nomination. >>> and former president george h.w. bush is in intensive care at a houston hospital with a fever and cough. mr. bush was admitted to the hospital more than a month ago with a bad case of bronchitis. he was then mov
senators are set to work today on a plan to avoid the so- called "fiscal cliff." but house gop leaders say they will not return to washington unless the senate passes a bill. with no deal on the horizon, a new poll finds the gop gets the biggest share of the blame for the stalemate. >> both sides here have a problem with the american people and it's why congress has 11% job approval rating. >> even starbucks is gettingismy for an agreement. its employees are writing...
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Dec 31, 2012
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obama making remarks about the fiscal cliff aired it earlier today. he put much of the blame on shoulders of the republicans if no deal is reached. the gop fired back saying the president should lead right now not cast blame. correspondent s henry is live from the white house. >> he is frustrated going on a talk show today in the middle of the negotiations. he has not been on one of the programs since 2009. he felt it was important to get the message out there. you are right he was pounding the same message again and again f. we go up the fiscal cliff for not meeting them halfway. >>> not because democrats and congre congre congress don't want to go ahead and cooperate but i think it has been hard for speaker boehner and republican mcconnell to accept the fact taxes on wealthiest should go up a little bit sweas well as a deficit reduction package. if they can't say yes to good offers i have an obligation to make sure the entire burden of deficit reduction doesn't fall on seniors who are relying on medicare. >> republicans are expressing frustration sa
obama making remarks about the fiscal cliff aired it earlier today. he put much of the blame on shoulders of the republicans if no deal is reached. the gop fired back saying the president should lead right now not cast blame. correspondent s henry is live from the white house. >> he is frustrated going on a talk show today in the middle of the negotiations. he has not been on one of the programs since 2009. he felt it was important to get the message out there. you are right he was...
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at least when it applies to sports. >> and fiscal cliff. which i think i've said a billion times already today. that is right up there. and i get that one. >> yeah, well, fiscal cliff. it involves economics, it involves politics. a lot of people think it's going to increase the deficit, which it isn't. a lot of people are worried it's going to decrease the deficit. so a lot of complicated issues and political issues. and we hear it all of the time. >> let's talk about lake superior state university and how this list compiling all began. >> it was a bet new year's eve, 1976. >> long ago. >> yep. and they discussed how many words and phrases are overused too often. and the originator of this list back in 1976 went back and drew up a list of five words to submit to upi, united press international. and the whole thing took off from there, and we take nominations from all over the world. whatever floats to the top gets to our list. >> and is i was going to ask how that happened. people can, what, make suggestions, somehow contact your university
at least when it applies to sports. >> and fiscal cliff. which i think i've said a billion times already today. that is right up there. and i get that one. >> yeah, well, fiscal cliff. it involves economics, it involves politics. a lot of people think it's going to increase the deficit, which it isn't. a lot of people are worried it's going to decrease the deficit. so a lot of complicated issues and political issues. and we hear it all of the time. >> let's talk about lake...
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it is down to the wire for fiscal cliff. and it could, i don't know, it could mean mitch mcconnell could come to the rescue. we will tell you a little bit about what went down yesterday. a live report from washington in just a moment. >> dave: super mitch. a college kid thrown in the slammer for wearing this. a fake ammo belt. overreaction or a appropriate in the wake of the connecticut school shooting? we report, you decide. then a real life iron man he was told he would never walk again but now he is first look at a new medical break through. >> juliet: love this story. >> clayton: this technology is going to shock you. "fox & friends" hour two begins right now. >> clayton: good saturday morning. welcome in to "fox & friends." juliet huddy in for alisyn camerota. nice to see you. >> juliet: good morning. nice to see you. did you have a great christmas? >> dave: did i with family. how about you? >> juliet: istles in miami. >> clayton: juliet huddy is wearing new year's eve outfit. >> as do you heading in the new year's eve
it is down to the wire for fiscal cliff. and it could, i don't know, it could mean mitch mcconnell could come to the rescue. we will tell you a little bit about what went down yesterday. a live report from washington in just a moment. >> dave: super mitch. a college kid thrown in the slammer for wearing this. a fake ammo belt. overreaction or a appropriate in the wake of the connecticut school shooting? we report, you decide. then a real life iron man he was told he would never walk again...
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Dec 27, 2012
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. >>> and now to the efforts to avoid the so-called fiscal cliff. president obama returns to washington later today and the senate is due in session, but just about everyone agrees with just five days left, the possibility for a grand bargain to avoid across-the-board tax increases and spending cuts is all but lost, and even prospects for watered down deals seems slim. tara mergener is in washington with more. tara, good morning. >> good morning, duarte. yes. hopes for legislation to avoid the fiscal cliff now turns to the senate, but white house and republicans remain far apart. senators and staffers will be filling these empty hallways today trying to work out a deal to avoid the fiscal cliff. higher taxes will give the average american about $1,500 less to spend next year, and economists believe the $110 billion spending cuts will result in more layoffs. senator harry reid has a plan to keep taxes low for everyone making less than $250,000 a year as well as short-term spending cuts until a bigger deal can be reached. >> it is going to be a patch
. >>> and now to the efforts to avoid the so-called fiscal cliff. president obama returns to washington later today and the senate is due in session, but just about everyone agrees with just five days left, the possibility for a grand bargain to avoid across-the-board tax increases and spending cuts is all but lost, and even prospects for watered down deals seems slim. tara mergener is in washington with more. tara, good morning. >> good morning, duarte. yes. hopes for...
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if so are we going to have another fiscal cliff or a bunch that come to fruition here where we never see really a solution? >> well, it was very clear from the time that the super commit ee set its deadlines and the fact that the bush tax cuts were expiring, all this stuff was coming together. we saw this coming at least a year and a half away. it wasn't entirely clear whether or not they could come to some type of agreement, but it was quite possibly they wouldn't. there ought to be a new rule in congress that, look, you cannot create any more artificial crises if you can't actually resolve them. it's not fair to people to go and, you know, create all this panic if you can't save, you know, the situation. democrats are in a better spot after january 1st. everyone has known that. republicans have predicted, democrats have predicted it, they're going to pass 250, boehner will be reelected speaker, then he has to figure out how to rule the next two years. >>> ryan, joann, thanks for being with us. >>> we'll be right back. new years clutter is no match for someone with big ideas. with a
if so are we going to have another fiscal cliff or a bunch that come to fruition here where we never see really a solution? >> well, it was very clear from the time that the super commit ee set its deadlines and the fact that the bush tax cuts were expiring, all this stuff was coming together. we saw this coming at least a year and a half away. it wasn't entirely clear whether or not they could come to some type of agreement, but it was quite possibly they wouldn't. there ought to be a...
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. >> the latest on the fiscal cliff crisis. why it is taking down the markets and white finding an answer, it always seems to come down to the last minute. the storm hitting the midwest and it is now hitting the northeast. oh canada, out of work americans are heading north to find jobs. top of the hour. time now for stocks. nicole petallides on the floor of the new york stock exchange. nicole: we are down about 72 points. the vix, the fear index, has an up arrow today. commodities are pulling back a little bit. i want to take a look at a name that is on the move. it is deckers. you may not necessarily know that you know what it is all about. you know uggs. it turns out they are quite popular. while that chatter has been around, they will give decker a pop. >> could merge with timberland. we will be back at you in 15 minutes. for the first time in nearly 40 years, between christmas and new year's, it comes as lawmakers continue to scramble to get a fiscal cliff deal done. rich edson has the latest. rich: they are considering leg
. >> the latest on the fiscal cliff crisis. why it is taking down the markets and white finding an answer, it always seems to come down to the last minute. the storm hitting the midwest and it is now hitting the northeast. oh canada, out of work americans are heading north to find jobs. top of the hour. time now for stocks. nicole petallides on the floor of the new york stock exchange. nicole: we are down about 72 points. the vix, the fear index, has an up arrow today. commodities are...
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Dec 30, 2012
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. >>> and the action we could see today to avoid a deep dive off the fiscal cliff. >>> we had a light dusting of snow move through, however -- >> but instead of the snow today the wind may be the big talker. let's get the big forecast with the meteorologist. >> it's going to be a windy day. we are looking at temperatures, 30s across the board. but it's windchill in lex con that i am worried about. look at the 38-mile-per-hour wind gusts in winchester. the temperatures feel like the 20s everywhere this morning and it feels like the teens in winchester, so dress what it looks like, and obviously the 54 is a mistake in annapolis. and the forecast high says 39 but it will feel like the 20s today. at least we get the sunshine back. we will talk about the redskins forecast and the 7-day forecast looking right into the new year when i see you guys in just a bit. >>> the country is two days from going over the so-called fiscal cliff. both the house and senate will be in session this sunday to prevent tax hikes and spending cuts that could go into effect on tuesday, and we could see a vote as
. >>> and the action we could see today to avoid a deep dive off the fiscal cliff. >>> we had a light dusting of snow move through, however -- >> but instead of the snow today the wind may be the big talker. let's get the big forecast with the meteorologist. >> it's going to be a windy day. we are looking at temperatures, 30s across the board. but it's windchill in lex con that i am worried about. look at the 38-mile-per-hour wind gusts in winchester. the...
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what i want -- i don't want people to get excited about this fiscal cliff. right? so you laugh, right. >> i'm not laughing but if you take a dollar out of every -- that's a tax. >> i understand. i would rather self impose a tax than be forced to do something. therefore you're going to want to do it. for me, it's muscle memory. once you try it, you'll feel a tremendous patriotism and it will be -- >> did you hear that lieutenant colonel representative say we don't have a tax problem, we don't have a revenue problem, it's a spending problem? this doesn't address the problem in washington. that's the problem. >> again, once we band together, companies and citizens, we're listen, we need additional receipts, period. that's a known. it's going to happen for a period of time through -- >> you're a business guy. we're run out of time.j3 if you take in money but spend more, you're still taking in more money every year. you have to worry about the spending side, not revenue. >> the good faith program i started is going to force our elected officials to do something. we'll
what i want -- i don't want people to get excited about this fiscal cliff. right? so you laugh, right. >> i'm not laughing but if you take a dollar out of every -- that's a tax. >> i understand. i would rather self impose a tax than be forced to do something. therefore you're going to want to do it. for me, it's muscle memory. once you try it, you'll feel a tremendous patriotism and it will be -- >> did you hear that lieutenant colonel representative say we don't have a tax...
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patti ann: yet another fiscal cliff concern. the price of milk, if congress doesn't take action before new year's day the price could more than double. dominic di-natale is live in los angeles right now to explain for us. hi, dominic. >> reporter: hi, patti ann. milk could reach eight bucks a gallon. currently $3.65. a bill that covers billions of dollars in agricultural subsidies. if they don't do that government will have to buy up massive quantities of milk because of outdated 1949 law. they could sell their milk directly to the government first, would be obliged to pay twice the market rate. that would create a milk shortage and spike the prices consumers pay. the senate passed a farm bill. agricultural committee passed a similar bill. they are not identical. differences aren't so wide just that the full house of representatives hasn't approved the bill and it has come down to the wire, patti ann. >> the farm bill is low hanging ornament on the congressional christmas tree, if they just embrace it, they can automatically com
patti ann: yet another fiscal cliff concern. the price of milk, if congress doesn't take action before new year's day the price could more than double. dominic di-natale is live in los angeles right now to explain for us. hi, dominic. >> reporter: hi, patti ann. milk could reach eight bucks a gallon. currently $3.65. a bill that covers billions of dollars in agricultural subsidies. if they don't do that government will have to buy up massive quantities of milk because of outdated 1949...